New Delhi, Nov 14, 2024: Gurugram based AI-powered carbon tracking and reporting platform Onlygood has partnered with Blue Ocean Steels, Luminary Advisors, and Envex to help businesses navigate the complexities of global sustainability and compliance.
Blue Ocean Steels, a leader in sustainable steel solutions, offers Green Steel that reduces CO₂ emissions by up to 50% compared to conventional steel. Through this strategic partnership, Onlygood’s customers gain access to these environmentally friendly products, enabling them to meet stringent regulatory requirements such as the Carbon Border Adjustment Mechanism (CBAM), while avoiding penalties and aligning with global sustainability standards. The collaboration provides customers with a transparent, resilient supply chain, driving both cost-efficiency and environmental compliance.
“This partnership with Onlygood underscores our commitment to providing innovative, low-carbon solutions that help businesses navigate regulatory challenges while contributing to a more sustainable future,” says Dr Pankaj Jain, CEO of Blue Ocean Steels.
Luminary Advisors is an advisory firm specializing in connecting businesses with top European automakers. Through this partnership, Onlygood’s customers, particularly Indian automotive and parts manufacturers, will gain direct access to a significant and untapped European market. This collaboration opens new growth avenues, enabling customers to expand their operations in Europe while benefiting from strategic guidance and industry insights from Luminary Advisors’ top European automotive sector experts.
“Partnering with Onlygood allows us to provide Indian manufacturers with the necessary expertise and market access to succeed in the competitive European automotive landscape,” says Uday Senapati, CXO and founder of Luminary Advisors.
With the partnership with Envex, a platform for carbon exchange and trading services, Onlygood’s customers will gain direct access to ACX, enabling them to buy offsets and list on ACX. This collaboration helps businesses offset their emissions while capitalizing on fluctuating carbon prices, potentially generating additional revenue from surplus credits.
“Our partnership with Onlygood empowers businesses to actively engage in carbon trading, creating new opportunities to manage emissions and contribute to sustainability,” says Vishwajit Dahanukar, Founder & Director of Envex.
“As we forge these strategic partnerships—with Luminary Advisors, Blue Ocean Steel and Envex — we’re building a powerful network to support our customers in navigating the complexities of global sustainability and compliance,” says Rajeev Sinha, CEO of Onlygood.
“These collaborations allow us to deliver unparalleled access to low-carbon materials, advanced carbon trading, and cutting-edge technology solutions. By aligning with industry leaders, we’re enabling our clients to achieve ambitious ESG targets, expand into new markets, and leverage data-driven insights to make real progress in sustainable practices. Together, we’re not just meeting regulatory requirements — we’re transforming the way businesses operate for a greener, more resilient future,” he said.
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